CHINA CHENGTONG (00217) Subsidiary Enters into After-sale Leaseback Agreement
China Chengtong Development Group (00217) announced on November 21, 2025 that Chengtong Financial Leasing (public...
CHINA CHENGTONG (00217) announced on November 21, 2025, that Chengtong Financial Leasing (an indirect wholly-owned subsidiary of the company) has entered into a sale and leaseback agreement with co-tenants Hebei Beijing Tang Industrial Technology Co., Ltd. and China Twenty-Two Metallurgical Group Co., Ltd. According to this agreement, Chengtong Financial Leasing will purchase leasing assets from the co-tenants and then lease these assets back to them. The lease term is for 3 years, but can be terminated early based on the terms and conditions of the sale and leaseback agreement. The leasing assets refer to several construction machinery and auxiliary equipment.
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